Definition : Quota method

The quota method is a technique used in business and economics to allocate resources or opportunities among a group of individuals or entities based on predetermined quotas. This method involves setting a specific target or limit for each participant, and then distributing the available resources or opportunities in a proportional manner according to their respective quotas. The quota method is often used in situations where there is limited availability of resources or when fairness and equality are desired in the distribution process. It is commonly used in industries such as agriculture, fisheries, and international trade, as well as in government policies and programs. This method helps to ensure that all participants have a fair chance of receiving their share of resources, while also promoting efficiency and preventing monopolies.

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